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Robert Medina
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44
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Best option for tapping into equity

Robert Medina
Posted

Hello, so I have my primary residence which has about 145,000 in equity in it and I am wanting to purchase an investment property and I’m not sure if I should get a heloc or a certain type of refinance. I currently have a 7.125 percent interest rate. What would be the smartest way to tap into equity. I could potentially do a house hack and rent out my current primary or I could do the 20 percent down for investment property. Any opinions would be greatly appreciated. Thanks

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